When someone close to you passes, it’s never an easy process. Things get even more complicated with probate, especially if you find yourself the executor of the Will and in charge of a property you want nothing to do with. Many people don’t even know where to start and the various probate documents can be incredibly overwhelming. That’s why Simple–Probate is here to help you get through this time as easily as possible. We will help you avoid adding on to those hefty probate lawyer fees and stress, by offering to buy your property outright no matter what its condition. If you receive a property you don’t want in Orlando, consider calling us today.
Most Common Myths and Whether There’s Any Validity
- Probating Takes Years
○ Generally speaking, a probate should not take years. Usually what takes the longest is that there is a required waiting period to allow creditors to file claims. This varies by state but overall the process shouldn’t take all that much time. That said, there are several reasons why your probate could take years. These include other family members attempting to contest the Will, when an estate is so big that it owes state or federal estate tax, or if the estate is still bringing in money from royalties or other profits still being paid out. While these cases are typically more rare, they certainly do happen.
- The Cost of Probate Will Use Up All The Money You Would’ve Inherited
○ On average most probates will only cost about 5% of what you’d be getting. Sometimes in certain cases, an estate won’t even need to go through probate and there will be no costs associated with it. Of course, like with the previous myth, there is some truth to this one too. If someone tries to contest your ownership of any asset(s) or you will have to go to court; both can easily rack up your costs. The same can happen with probate lawyer fees. Depending on your state, probate lawyers can be incredibly expensive, sometimes even to the point where it’s not worth it.
- The Oldest Child is Always The Executor of the Will in the Case of a Deceased Parent
○ This one is not true at all. When a person dies they can name whoever they want to be the executor of their Will. That person doesn’t even need to be related to them. Even if there isn’t a Will, no one is named executor, or the person who was named can’t do it, the next most likely person to be chosen by the State is the spouse of the deceased. If the spouse is deceased or there isn’t one, then it would likely fall to the children to become executor but being the oldest isn’t a guarantee you’ll be who the State picks.
Avoid The Probate Documents, Sell to Us
When you come into possession of a property, you are now responsible for its taxes and mortgage payments, as well as any maintenance and repair costs. Even if you plan on selling it, it may not be in a condition where you can. Unfortunately, the truth of it is many people tend to accumulate things in their homes as they get older. It will cost you a lot of time and money to get houses in these conditions to a state where you can sell them. At Simple–Probate though, we’ll buy the property as is. You won’t have to do anything.
We understand how stressful probate documents and probate lawyer fees can be for property you don’t even want to keep. If you live in Orlando and want to get rid of your inherited property without having to invest any more time or money, visit Simple–Probate today.